UPDATE 2-Fiat to gain Chrysler majority by buying US stake

Newswire

* Fiat, Treasury to settle on price in 10 business days * Deal would allow Fiat to take majority of Chrysler * Fiat on track to gain 57 percent by end of the year (Recasts first sentence to show Fiat close to obtaining majority stake in Chrysler, adds background on Treasury deal, adds MILAN to dateline) DETROIT/MILAN, May 27 (Reuters) - Fiat SpA plans to exercise an option to buy the U.S. Treasury's stake in Chrysler, which paves the way for the Italian automaker to clinch a majority ...

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